Yanlord posts 65% increase in total contracted pre-sales to RMB29.77 bil for 1H20

SINGAPORE (July 6): Mainboard-listed Yanlord Land Group reported a 65% increase in total contracted pre-sales to RMB29.77 billion ($5.87 billion) for 1H20 ended June, compared to RMB18.04 billion in 1H19.

Total contracted gross floor area (GFA) for 1H20 came in at 831,457 sqm, a 30.7% increase from 636,011 during the same period last year.

The bulk of the sales came from China. The top five cities that contributed to the rise in contracted pre-sales are Nanjing, Suzhou, Shenzhen, Nantong, and Hangzhou. The total contracted pre-sales from these cities stood at some RMB24.86 billion, which accounted for around 83.5% of the total figures in 1H20.

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